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FOX Business
Nov 7, 2012 1:00pm EST
the election rattling investors in the u.s. europe moving to the front burner once again. we talked about this yesterday being the cause of all this volatility in the u.s. market. warning the economic slowdown hitting germany, the euro's own partisan healthiest economy. investors wait for a vote on another unpopular austerity package,,deep spending cuts so they can get the next round of eight. the measures are expected to pass by a narrow marrin. already showing their anger, all shut down for a second day. police using tear gas against the demonstrators. tracy: and clearly we are seeing that the market. rolling over when the market closed. part of it is down. now that the election day has ds come and gone and the government rings virtually unchanged, congress should be able to work with differences. peter barnes has brought himself back to washington. it is like dÉjÀ vu all over again, isn't it? >> yeah. we just heard from democratic leader harry reid in a press conference in the last hour. he was sounding conciliatory kind of. >> everything within my power to be as conciliatory as poss
FOX Business
Nov 8, 2012 1:00pm EST
it in nine years. >> more economists coming around the u.s. economy in recession. economists looking at recession and that is the key, lackluster growth. reports making rounds on wall street, indicating we could see more slowing around the bend, with more on what they're hearing here is a liz macdonald with the bottom line. if you listen to these economists everyone is resetting their expectations. >> seeing four of ten, only 4 of 10 have been their sales estimates. that is not a good number. and other data from the same louis fed, very controversial study. they are -- their preliminary data is flashing fire engine red alarms and a recession is around the corner. the second or third quarter, a third of the gdp growth came from government spending on things like defense the we're seeing 227 stocks in correction mode, apple, google and microsoft and we are seeing a big indicator cutting signals, the number of companies that are cutting -- we are seeing a big tax increase of obamacare, in the fiscal cliff, but when you look at data from the s&p you see the u.s. economy entering recessio
FOX Business
Nov 8, 2012 11:00am EST
sector is still on a capital strike. if barack obama wants strong growth in the u.s. economy, he's going to have to extend his hand to the private interests that he vilified so much of the last two years to get reelected. dagen: more spending temecula of the federal reserve sitting ready and waiting make in our money and spend it. >> federal spending for the last 25 years has been to a percentage gdp. brock obama wanted to be for 23 percent of about 24%. the only way you can afford to do that if he extracts revenue out of the private sector. there is a real dilemma at the center of what he wants to do, and that is why i think we will be looking at gridlock for a little while. connell: okay. dagen: as always, be well. connell: we talked about the dow today being down a little bit, but nothing like yesterday. traders are calling it an obama sell-off, but the thing is, the polls consistently showing the president and the lead going into the election. why wasn't all that price did? brian jacobson. what do you think? >> i think it was partially priced in. it was basically a dead heat going in
FOX Business
Nov 27, 2012 1:00pm EST
gdp and we see around the world the trough is likely to be seen and corporate earnings and the u.s. are likely to be tracing out with a flat shape thinking we have come in through the slump in earnings so stick with the equity exposure. don't like to not to anticipate a big sell-off. lori: we have dividend payers with the crux of the interview with the company's moving up the payout date to avoid the likely tax is that the stock by? with an historic low interest rates? >> i think so. looking at the yield of a little more than 1.5% u.k. gilt variety of companies paying 3% or more. focus on the history of the track record of increasing their dividend and focus on those with buy recommendations. lori: do not be a big part of that is great. but look at the overall capital gains there will be fewer dollars invested or will the drama ago one slowdown because of that concern? with just fewer dollars in the market? will people hold theer cash? >> then they will lose more because they get zero% and will lose inflation. you don't sleep better at night to put your money and your mattress beca
FOX Business
Nov 29, 2012 11:00am EST
's call of duty, heading up to capitol hill to broker a debt deal. dagen: u.s. embassy closed in cairo amid protests, of bid muhamed morsi's power grab. connell: can you hear me now syndrome, wireless carriers are ranked on their performance. we will have the worst and the best. dagen: stocks now lend every 15 minutes, nicole petallides at stock exchange with economic news this morning. is that what is giving the market a lift? nicole: we have a lot going on here. we have jobless claims for the second week, that is good news, you saw growth in economy and in the last few moments we moved higher and we are positive for the week. when you check it out and industrials we are up 44 points and most of those names on the dow are in the green, names like hewlett-packard and caterpillar and bank of america and united healthcare doing well. the fiscal cliff headline after headline continues to be in the forefront and on everybody's mind that this is what we are seeing, a decent market and the u.s. dollar being weaker today has been a factor in the strength we are seeing as well. connell: treasu
FOX Business
Nov 15, 2012 11:00am EST
: they will pay in installments over five years but all criminal issues between the u.s. government and bp will be settled. it does not remove the issue of civil penalties which by their most extreme calculations could be $21 billion. i will read you a statement from bp where the chairman of the board said we believe this resolution is in the best interests of bp and its shareholders, it removes two significant legal risks and allows us to vigorously defend the company against the remaining civil claims. keep in mind that bp has booked $31 million in charges against -- because of the disaster in 2010. they will lead $3.58 billion as part of the settlement. they still face the civil possible fine from the environmental portion of the u.s. government over this, $4,300 per barrel, two hundred six million gallons was spilled. in english possibly $21 billion but they hope they can defend themselves against that. two bp employees could face manslaughter charges. dagen: that does surpass the record fine we previously sought by three times. $1.3 billion fine paid by pfizer in 2009 for marketing fr
FOX Business
Nov 16, 2012 1:00pm EST
on the deadly u.s. consulate attack in libya. we are learning he briefly addressed his affair all paula paula broadwell in his opening comments, but the two matters surrounding benghazi. air raids had sirens ringing in tel aviv. israel continuing its attacks on militant targets in gaza as israeli troops and tanks are masking the border of gaza signaling an invasion could be imminent. those are your headlines. back to lori and melissa. melissa: thank you so much. towards the end of an era as hostess asked for permission to close its operations for good. forever ending the likes of twinkies and wonder bread. joining us from the home of twinkies and illinois. it is a sad day. what a sad day. i love twinkies. >> a lot of people realize that they love twinkies. it is that for the consumers and the workers. some put in 30 years at this company. they have been talking about making millions of little snack cakes, but the company was taking too much from them. they were trying to lower their wages and take more and insurance contributions. the remaining workers who are inside now are cleaning out thei
FOX Business
Nov 20, 2012 1:00pm EST
relations with the u.s. by closing the suez canal. >> i mean, you're very optimistic to think that this sort of instability in the neighborhood isn't going to spill over. i talked to people about this every day, and i got to tell you, you're alone. >> yes, you can build a model that has this all the way going out to let's say iran and closing the strait of hormuz, but this would take a real series of reactions, one after the other to imagine the supply of oil being reduced as a result of this. it's a very complex model to imagine that. >> do you think, john, perhaps we're not seeing a direct impact in the price of oil, in your view, because we are in supply of oil right now? >> i think the market is fundamentally very bearish right now. in the fourth quarter of this year, where you normally draw world inventories of crude, you are going to build world inventories of crude. right now all the models into next year show a build basically all yearlong. opec is going to meet i think in two three weeks in vienna. i think the idea this is going to be just a cake walk meeting is not necessarily true
FOX Business
Nov 27, 2012 11:00am EST
minute. senators say they would not support a nomination for susan rice until questions on the u.s. consulate in libya are resolved. rice wrapped up her meeting with the three over her initial comment about the attack. pictures from egypt as opponents of president mohammed morsi continue to clash. they are railing against morsi that gives them absolute power. one person was killed after inhaling teal -- tear gas. it was quite a scene at the empire state building. the light feature more than 16 million colors. those are your news headlines on fox business network. back to connell. connell: thank you very much. it is not to jamie dimon and idea that he may be the next treasury secretary. that is well warren buffett seems to be hoping for. here is a quote from buffett. if we did run into problems and markets, i think, he would actually be the best person you could have in the job. world leaders would have confidence in him. i do not think anyone asked me about this. i think it is highly unlikely. what do you think? >> i think warren buffet is truly one of the great minds of our centur
FOX Business
Nov 9, 2012 11:00am EST
's a 50% chance the u.s. goes over this cliff. enough to shake up the market, if that is what people are estimating. but chief investment strategist. up a little bit today. this whole idea of mixing politics and economics in the market and everything else, you have to try to put odds on this if you're an investor. are they going to come up with a deal. you think it is about right, or higher or lower than that? >> i think this is the problem. investors used to handicapping the economy, stocks, margins, it is very hard to second-guess what the people in washington are going to do. look at this uncertainty. what has come across is that they will eventually have a deal, but the risk going into the fiscal cliff are probably greater than the market has discounted. that is why you are seeing selling this week. connell: this interesting people got something wrong about the election this week. we had odds at minimum 60% or more. they came and shocked at the market sold off as if this is a big surprise the president was reelected. the market hadn't done a great job. it is now more of a guessin
FOX Business
Nov 9, 2012 1:00pm EST
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FOX Business
Nov 28, 2012 1:00pm EST
contracts with the u.s. government come existing contracts state in in , however new government contracts are going to be put off at least for now. remember two weeks ago they played ill be some charges involved in the death of 11 workers in the explosion. questions about their integrity and what they actually revealed after the explosion. and so now, they must meet federal business standards to be eligible for the new contract. in the meantime the stock is down one third of 1%. back to you. lori: thank you, nicole. melissa: hedge fund giant trying to reassure investors after insider trading charges. lori: is a busy day for charlie he joins us next. look at the dollar holidays trading against the foreign currency. back after this. with the fidelity stock screener, you can try stragies from independent experts and see wh criteria they use. such as a 5% yld on dividend-paying stocks. then you can customize the strategies and narrow down to exactlythose. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are oosing fidelity.
FOX Business
Nov 19, 2012 1:00pm EST
can n could o longer have a split rating the u.s. would be below aaa, and that hits the initial contract operate differently. world market might become a little bit more unglued. i will say this, based on that list what we heard late last week summerlike compromisers can make it do feel that bowles and simpson are in the middle of that. they're about compromise, it cutting a deal in getting through this. so we will see. melissa: charlie gasparino, thank you so much. >> can only give you what i'm getting through reporting. lori: wal-mart moving up the dividend, paying off the dividend to help investors avoid a tax rate. it does not matter what you're talking about lately, it all boils down to what happens with the fiscal cliff. melissa: more good news for housinhouse after surprise jumpt month. we get anthony sanders take on that. i bet he has something to say on the fiscal cliff. the skin they were born with and say they'd die for darker skin. sadly, some actually do. change your thinking, not your skin. stop tanning. learn more at spotskincancer.org. lori: i guessed investors a
FOX Business
Nov 12, 2012 11:00am EST
in the u.s. could be facing the most serious pilot shortage since the 1960s. that is according to the "wall street journal." it could create a huge problem for the industry. meanwhile -- several new flavors being added to its own beverage carbonation system. it has entered into a licensing agreement with campbell soup. here is another way to help the victims of sandy. donate your unused vacation days. they have reactivated a benefit allowing workers are participating firms to give up vacation days. they will turn those into a tax-exempt group. that is the latest from the fox business group. giving you the power to prosper. ♪ ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like ea
FOX Business
Nov 29, 2012 1:00pm EST
. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certied. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >> right now is 23 minutes past the hour. this is your fox news minute. it has been a week and george h. w. bush still in methodist hospital with a lingering cough. the condition is not life-threatening and doctors initially concerned the illness could turn to pneumonia, but it hasn't. u.s. embassy in cairo clothes in public services early today because of the protest going on in the city. urging u.s. citizens to avoid the area. the egyptian community votes on a new constitution today despite the power grab by president mohamed morsi. parliament members voted earlier to keep sharia law as the main sport of legislati
FOX Business
Nov 19, 2012 11:00am EST
the u.s. involvement in this piece? what is the u.s. role in all of this? >> anybody trying to broker a deal before that happens will not work. the key to this -- egypt 40 years ago signed a peace treaty for israel. for 40 years they have not shot at each other. this is a different egypt now. it will all be about egypt. egypt has a really tight line to walk. if it somehow joins with the muscle burn brotherhood, america will cut them of their aid. i think egypt tries to walk right down the middle. i do not think they get involved dagen: do so with the president and prime minister was saying her in the last week. >> yes. the egyptian president worries that the way he came to power was they got rid of the last dictator. if he does not look sympathetic to the islamic cause and into israel, they will say who needs you. connell: as always, k.t. mcfarland, thank you for coming on. >> thank you. connell: we have some breaking news before we move on. the justice department has filed a lawsuit against ebay. they are saying that the agreement illuminated a significant former competition for the
FOX Business
Nov 13, 2012 1:00pm EST
is demoting the former head of u.s. africa command. general chip ward is accused of spending thousands of dollars in unauthorized expenses. the former african head will retire as three star lieutenant general and will have to pay $82,000 to the government. as senior defense official who has seen 20 to 30,000 pages of e-mails between general john allen and joe kelly tells fox news the exchanges were flirtatious in nature. the top u.s. commander in afghanistan currently under investigation for allegedly sending the e-mails to the whistle lower of the general david petraeus 6 scandal. general allen denies wrongdoing. almost 80 new members of the house of representatives in our nation's capital for the top of freshman orientation. among the newly elected members are several potential members elect whose races of not been called. those are your headlines. back to lori and melissa. melissa: thank you for that. thanks but no thanks is the message delivered so far to a suggestion by erskine bowles he served as chief negotiator between the white house and congressional republicans as talks heat
FOX Business
Nov 16, 2012 11:00am EST
or any fatalities that may have occurred. the company working with the u.s. coast guard to put the fire out and find out more information. more information will come out this afternoon at 3:00 central time but this was off of the southern coast of louisiana. meantime jamie dimon has company working with the government on a settlement over how they manage mortgage-backed securities. charlie gasparino will bring you the latest. does the twinkie go bye-bye? and the ding dong? don't forget yodels? is it over or not? dennis kneale is here to tell you what happened to those important recipes. take a look at the treasury market and bob was talking about prices were up and meals down again today. would you buy a rush to save the? are these save? not so fast but that is where the tenure is right now. dagen: john boehner speaking outside the white house flings by senator harry reid. listen to him. >> our meeting today, what the president called for a fair and balanced approach to show our seriousness we put revenue on the table as long as it is the company for significant spending cuts and we are
FOX Business
Nov 21, 2012 11:00am EST
in this country will pay higher taxes if the u.s. goes off that cliff. with low income families among the hardest hit. connell: charlie wrangle, congressman from new york, he is here in studio with us. >> we have to get a deal done. it would be irresponsible for congress to go forward. most people do not know that the break that they are getting is temporary. it expires december 31. do nothing and the rates automatically go up. what about the severe cuts that we will have in the budget. this is a nightmare that we created that never should have happened. now it is on the brink of happening. in my opinion, will it happen, no. we have the option to do something justice and responsible. that is kicked the whole thing off to next year. believe me, the country is facing such a terrible crisis. dagen: even if they broker a short-term deal, it goes for six months, what about the hope of overall tax reform? isn't that better to get a short-term deal and then do something more sweeping and permanent? >> i do not even want to talk about a six month deal. we have business people that need to make plans. we
FOX Business
Nov 12, 2012 1:00pm EST
target. a new report shows the u.s. will overtake saudia arabia as the world's top oil producer by 2017. phil flynn is in the pits at the cme. a lot of people getting hot on this idea. >> i have been hot on it for some time. i know there are some people that are already, you know, saying that it can happen. they are concerned that some of the production is already in decline. i am not buying it. you know, i will tell you another reason, i believe in the power of markets. if you go back to the history of energy from day one today too, they are always running out of something. prices got high enough that we figured out a way to get more. i am very excited about it. i think it is great for the economy. it will be a boom for the next ten-25 years. lori: hasn't found a bottom, do you think? >> i think it depends on europe. that seems to be the mover of every headline we get out of there. we are not sure if we have to test the 70s first oracle backup. there is a lot of economic uncertainty right now. it is the weakest demand of the year. i think if we get some clarity on that, though bowles w
FOX Business
Nov 20, 2012 11:00am EST
currencies are faring against the u.s. dollar. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. dennis: will they are won't they? israel and hamas working with egypt to broker a peace deal but officials say no agreement has been reached. the latest from southern israel, dodging rockets as they fly by. we learned? >> reporter: one way you know a peace deal more cease-fire deal is near in the middle east is everyone starts firing as much as they possibly can because they want to get in their last shot. appears as though what we are seeing today, 300 rockets coming out of the gaza strip. many of those have overwhelmed the iron dome missile defense system that has protected many of
FOX Business
Nov 1, 2012 11:00am EDT
it is too early to predict the impact of sandy on the november u.s. auto sales. we do not want to speculate too much on that. we continue to have all of arrows across the board. the majority of the dow jones industrials seem to be doing good. microsoft, caterpillar, disney, jpmorgan, all doing well. apple and facebook coming back after selling off yesterday. so far, so good. continuing to talk about how difficult it is to be here and how they got here and how they will get home. people are just trying to get 2 gallons of gas. it is difficult to continue to work in this environment, but they are doing it. back to you. dagen: thank you. connell: it is not easy. time to make you a little bit of money with our friend, charles payne. dagen: make it rain, baby, make it rain. charles: linked in. i think the stock should be so much higher. it is sort of being angered now by facebook. linkedin valuation, and i think we have a table of it, significantly higher than facebook. wait, wait, wait about facebook. however, if you look at execution, last time they reported they beat the street by 7%. the str
FOX Business
Nov 13, 2012 11:00am EST
now we are faced with the u.s. possibly being downgraded by moody's. it is when you go from a aa one category, you start tracking down which maybe two or three years out. connell: thank you very much for putting that together for us. chris ahrens. dagen: meeting with labor as we speak. connell: just a week after microsoft unleashed windows eight on us, the tech giant releases the guy who is behind it. what is going on there. we will also talk with ken burns. he will talk about his election and his new documentary about the dust bowl. here are some winners on the s&p 500 today. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save y 15% today if you open up a charge card account with us. >> youust read my mind. >> announcer: just one little piece of iormation and they can open bogus accounts, stealing your credit, your money and ruininyour reputation. that's why you need lifelock to relentlessly protec what matters most... [beeping...] helping stop crooks before your ideity is attacked. and now you
FOX Business
Nov 2, 2012 11:00am EDT
u.s. are without power. that is progress. the peak was 8 million plus. now it is down to 3.6 million. we are getting there slowly, but surely. we have the government latest report on jobs. the unemployment rate up slightly to stock 7.9%. connell: the quality of the jobs, though, people talk a lot about it. we will weigh in on that and the markets coming up next. ♪ follow the wings. connell: back to our big economic headline today, the u.s. economy adding -- joining us down in florida where i am told he voted today. >> i did, i voted today. i have to watch out for the weather. connell: that is the big question. you know, in terms of how that will affect the election. in terms of numbers today, we said this would be the big number ahead of the election. 7.9% unemployment, hundred 70 plus jobs. >> i do not know about the election. the report is a good report. it is above estimates. the revisions were good. two things are good in this report. incomes did not write so much. they are better than what we used to get. we look back and say, hey, we created a half million jobs within the las
FOX Business
Nov 6, 2012 1:00pm EST
will list noted that here in america one reason you see the cash coming to u.s. equities. but undeniably a great day. up 1% and remain there. some of the leaders include names like hewlett-packard's , united technologies, travelers, boe ing, alcoa. financials. a lot of discussion politically they're talking leaks and who is better for the market's there is conversation going on but you can take the up arrow. lori: en bereday is halfway through in florida fell line is not winding down. look of this polling site is consistently has more than 200 people of course they say it is taking hours as floridians of line up melissa francis is there. what is the take away? >> this interesting. we are an tampa, a hillsborough county. it is slow and steady. it forced officials to go to the absentee voting and% absentee? it got the job done 38% came and voted ahead of everybody else. they are getting hammered with advertisement the entire commercial block every single one. the stations must be making a killing. but they like the attention. >> not until ohio we had a good for a while it will still be clo
FOX Business
Nov 14, 2012 11:56am EST
. dennis: his other world currencies are faring against the u.s. dollar. [ malannouncer ] it'that time of year again. time for cii price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >> 21 minutes past the hour, hello, everybody. this is your fox news tha fox n. palestinian witnesses said israeli airstrikes have struck several targets in benghazi city. following that attack that killed the chief of staff and top military commander. israeli assault cease-fire for the past 24 hours along the israel border. and taking a 54 congressional committee today. refusing to answer questions from the committee. the tainted steroid use is responsible for 32 deaths. president obama will be holding his first news conference s
FOX Business
Nov 30, 2012 11:00am EST
. first, speaking of markets, let's take a look at current fees and how are faring against the u.s. dollar. ♪ [ engine vs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz deer. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >> 521 minutes past the hour, i have your fox news minute. residence and one new jersey city are being told to stay inside after a train accident. the train went off the track after a bridge collapsed. melting at an accelerating rate, that is
FOX Business
Nov 30, 2012 1:00pm EST
be a way to index it towards those u.s. numbers. melissa: is the economy growing at 8% and no one told me look back why would you raise taxes on something like this works? home values are terrible. unemployment is high. that just takes money directly away from things that people would spend money on to fuel the economy and put that in the pocket of the government. >> i would disagree with you. years ago if we would spend as much as we well this year on gasoline that it would put the consumer right in the toilet but it has not. melissa: right now the average price is a dollar 30 higher in the past three years. in 2007 it was $2.79. >> i am not talking about $0.50 or a dollar. i am talking about something nominal. i am talking about paying one's bills. if you look at the roads in the conditions of the roads in the united states. @he revenue has dropped with a gasoline tax being what it is for 19 years. i do not play the advocacy game i therefore or against. melissa: the last two times the gas tax was raised, it was used to pay down the deficit. >> let me give you an example of where i think
FOX Business
Nov 1, 2012 1:00pm EDT
economic data. better-than-expected jobs growth within u.s. companies adding more than 158,000 jobs last month. initial jobless claims dropped 363,000 last week better than expected. in the manufacturing sector we learned activity expanded at a faster pace than projected showing the industry is stabilizing..3 consumer confidence rose for the second month to a high not seen since february 2008. keep in mind report done before the hurricane. can we expect the stock market rally to continue? the senior market analyst at wells fargo here to weigh in. thank you for joining us. these are confusing times right before a presidential election, what are you advising clients as far as the equity market? >> hopefully they are squared up by now. traitors and a lot of investors who are in and out a lot has been squaring up for the last month. what we want our clients doing is taking advantage of pullbacks. wish we would've had a little bit of a pullback. the s&p might get down to 1370, something like that rather than just four or 5%. we could see that certainly sometime between now and the end of the
FOX Business
Nov 26, 2012 1:00pm EST
of $10 billion. u.s. immigration and customs enforcement teaming up to announce the seizure of 132 internet domain names accused of selling counterfeit merchandise. according to an icd press release, the websites are set up to do customers into unknowingly buby counterfeit goods this holiday season. those are your headlines, now back to melissa. melissa: thank you so much. as the fiscal cliff looms, one area that could be getting hit is your retirement savings. peter barnes is in washington, d.c., with more on this. why are you focusing on this part of the pie? >> it is one of the biggest tax breaks out there, melissa. budget negotiators talking about trimming all kind of tax deductions as part of the fiscal cliff, and some of these are pretty big ones. but get this, now some researchers argue that may not make a difference on the overall retirement savings which could give new ammo. $61 billion for 401(k) and similar, 46 for regular company pension plan, $16 billion for other retirement plans, 12 bouillon dollars for ira. researchers use retirement savings data from denmark to stu
FOX Business
Nov 15, 2012 1:00pm EST
asked him said whether there was a plan to make chryslers in europe and sell in the u.s. like governor romney charged would take place in his campaign ad, he said there are no plans for that. in fact what we did here in the u.s. could be a road map for europe's success. here is what he had to say. >> europe needs to do exactly the same thing. the method that we were using up to now have not worked. and i learned a long time ago that if the damn thing is busted and it ain't running, throw it out and get something new and start all over again. >> speaking of what is running, this is the engine they make here at the mack avenue plant, lori. it is the penta star v-6. it has the power of a v-8. 1200 new jobs being added. good news. lori: as soon as i thought i knew it was just like a v8 engine. can spot one a mile away. >> did you? here is the dipstick right here. you probably know about that. lori: i think he is teasing me. who are you calling a dipstick? melissa: that was good. >> oh, no, no. melissa: thanks so much. i will break this up. nicole petallides on the floor of the new york sto
FOX Business
Nov 28, 2012 11:00am EST
. now down $0.13 at 31.22. bp has suspended new contracts with the u.s. government according to the environmental protection agency. this is not good news for bp. everybody is familiar with back in 2010 we had the big oil spill, 11 workers that died. now the question is integrity, they pleaded guilty to charges, the agency of the environmental protection agency talking about the lack of business integrity they have seen and demonstrated. this is somewhat of an ethics issue out on th only the disastt what followed after that. how much oil spilled, this is why they are now being suspended from the contract. dagen: thank you, nicole. connell: john boehner move the market little bit with his comments within the last hour. the markets are on edge with anything to do with the fiscal cliff situation. but in terms of technology today, nokia's new smart phone is in high demand. easy stories of it driving off the shelves. how does that match up against everything else out there? dagen: mr. walt mossberg. first and foremost, terrific to see you. >> if you would like, i can say something
FOX Business
Nov 21, 2012 1:00pm EST
to the northwest, central u.s. and again this area of the northwest getting rain and mountain snow. i am thankful for your book, your book is keeping me occupied. i love it, awesome. melissa: thank you so much. thank you for the great weather for thanksgiving, we cannot wait. have a great holiday. cease-fire reached between israel and hamas. coming up tonight on "money," we have a senior advisor to the mayor of tel aviv, he will join us for an exclusive interview tonight at 9:00 p.m. eastern here on fox business, you don't want to miss that. coming up, record low mortgage rates could alter the housing rebound, but real estate investor says don't get too excited just yet. she joins tracy byrnes on fox business up next. here she comes. liz: welcome back. the dow up 54 points. tracy byrnes has joined me. we are talking about the fact that 46% of kids between 6 and 12 one and i and i'm shot 40% of kids have not figured out a way. they are beyond expensive but a hand me down refurbished, all the money spent on everything else. tracy: the acme is the perfect solution. i'm not sure i would buy those tab
FOX Business
Nov 26, 2012 11:00am EST
shapiro steps down next month. unauthorized trading by u.s. customers. customers were allowed to trade on the future prices of commodities of other items. macgraw hill is planning to sell its education business to apollo management for $2.5 billion. that is the latest from the fox business network. giving you the power to prosper. ♪ dagen: president obama and house speaker john boehner talking about a solution to the fiscal cliff. this coming to us from our partners at the "wall street journal" this hour. connell: the discussion about whether or not to raise taxes. some talking about abandoning their pledge. we spoke earlier with grover norquist. >> for the last 20 years, they have all kept the pledge. just me, the pledge, however, in the tax issue are very, very powerful. connell: do you think they will keep it again? >> i think they will keep it again. connell: that brings us to the judge. judge andrew napolitano. >> my thoughts are that some republicans will cave and break their vow not to raise taxes and they will suffer the fate of george bush that did not have a second term bec
FOX Business
Nov 2, 2012 1:00pm EDT
. is this a case of slow and steady wins the race or another sign that the u.s. economy is nowhere near a real recovery? joining me now, chief global equity strategist at jefferies. tommy coming october jobs report, would you characterize it as more good were more bad news? speak what was more good news. we have had over the last quarter, factory order numbers as well over the last 24 hours but the key has been with head spinning the companies coming into the u.s. election and presumably ahead of the fiscal cliff discussions. that will still be a drag for growth alongside what we have seen from hurricane sandy and the gdp numbers. we'll still trend lower in the macro data pieces. employment data was actually slightly better, but in the whole scheme of things i think things are still slightly weaker toward the end of the year. lori: what i think in terms of gdp points? >> the estimates probably the early estimates probably shave off about a half a percent during this quarter which will mean early estimates about 1% gdp for fourth quarter. down about a half, it will have a meaningful impact unfo
FOX Business
Nov 5, 2012 1:00pm EST
in the u.s., the northeast, and the election -- >> i forgot about that. >> but, boy, it is still going on. this is the start of a crucial week, in particular for greece. the prime minister is presenting its new austerity package to parliament today after he pledged yesterday this round of wage and pension cuts would be the last and greek society will not tolerate anymore cuts. powerful unions launching a 48 strike against the legislation tomorrow, and they planned marchs in athens, city center, and journalists and doctors are planning work stoppages. looking at the reaction in the financial markets, specifically currency. euro against the dollar, down eight weeks, and speculations greek struggles to win the funds, parliament voting on cuts on wednesday. that cross 127.80, a stronger dollar against the euro today. >> let's check the market with nicole, and tech names in focus today? >> that's right. it's easy to focus on techs today. nasdaq, the one index that's tried to succeed out green. it's back in the green two points. two names that steal the show often. that's apple, number one appl
FOX Business
Nov 6, 2012 11:00am EST
down the road. the u.s. dollar, but bernanke stays in place with large debt to ron paul with the technology stocks selling some much overseas 66% of the revenue but people think the dollar would be strong under mitt romney looked at carnival cruise lines people make a one vacation. also economic philosophy. we prefer renting and dating and not have been kids. rent-a-center under obama but kelly services with the romney. dagen: and that is a lot of information and. >> i have three more at 1:00 >> i tried to play politically neutral. >> i a was in the hotel seven days. that is all i have left. [laughter] connell: let's go to nicole petallides at new york stock exchange. >> look at express scripps the number one loser of the i's and the 500. earlier this year they bought medco but the outlook is dismal the outlook for growth is too aggressive. the unemployment picture, the economy, and the customers do not see people buying medication the way they could. the major market averages have up arrows. connell: of bid line up going with bud governor from nebraska. karl rove is her
FOX Business
Nov 14, 2012 1:00pm EST
bearish as most analysts were. looking at the u.s. overtaking saudi arabia, and then the weaker retail sales came in this morning and prices were quite depressed. the military strike from israel, how precise it is. speaker there you go, middle east. melissa: thank you so much. lori: stocks down 80 points before the president speaks to make a case for higher taxes. nicole petallides on the floor of the new york stock exchange with more. nicole: higher taxes are something to mull over. a lot of people on wall street have postelection blues, and now fiscal cliff blues. look at the major market averages down 81-point head of the president's speech, the tech heavy nasdaq has moved into correction territory. let's take a look at two retailers. abercrombie and fitch and theirr aeropostel. they had strong sales abroad, strong margins. talk about the u.s. with healthy growth outlook there as well. and they look at aeropostle. they bought the online retailer would've just went onto from where our self with it. back to you. the one breaking news. melissa: house subcommittee reports blaming the co
FOX Business
Nov 5, 2012 11:00am EST
sugar manufacturer will take over u.s. based eco energy, making it the world's largest ethanol maker. and the companies together will produce 10 billion liters a year, having. samsung sold more than 30 million of the galaxy s 3 smart phones, making it one of the fastest selling smart phones in the world. the demand for the smart phones resulted in record profits for samsung. that's the latest from the fox business network, giving you the power to prosper. >> all right. another swing state despite unemployment. 11.8%, the highest foreclosure rate in the notion and nevada still is a major swing state this election. >> and who do we find in las vegas? adam shapiro with a look at what local business leaders are saying about tomorrow. adam? >> and it is about employment here in las vegas, clark county, which usa today just talked about the fact that if mitt romney wins clark county, he could win nevada, but to talk about unemployment and how that's playing into the resurgence of las vegas, we're joined by the ceo of angel management group and they run some of the nightclubs here, the ind
FOX Business
Nov 7, 2012 11:00am EST
to the day after u.s. presidential election? >> not surprise the market is selling off because the market was weak already for a couple of months and we are in a downtrend, mr. obama's economic policies are not very good for economic expansion. businesses, small business men en even medium-sized businesses will be reluctant to hire people. connell: the market is down a little. i didn't know what was going to happen but the reason i would say we see -- surprise we're down the and the points and the market selling off like crazy is the obama victory shouldn't be a surprise to investors. wouldn't you think some of this would have been priced in. the polls pointed to him winning and he did but we are still seeing a big reaction in financial markets. does that tell you anything about the future? >> i think among people, the election victory or reelection victory of mr. obama, so many friends who are republican, but betting on mr. romney. for some people it is a surprise and people are concerned about increased in capital gain selling shares ahead of the implementation of these. connell: bettin
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